Esma's identity used in cyber scam

Top securities regulator's name and logo used in emails to fool employees of regulated companies in Spain and Germany into transferring money

Cyber criminals are becoming more sophisticated in efforts to defraud banks and companies
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By

Anna Irrera

February 18, 2016 Updated: February 19, 2016 10:25 p.m. GMT

Financial institutions have been put on alert over bogus emails referencing Europe’s top security watchdog, a scam that suggests cyber criminals are getting more sophisticated in their efforts to defraud banks and other companies.

The European Securities and Markets Authority warned on February 18 that its logo and identity had been used in fraudulent emails to fool employees of regulated companies in Spain and Germany into...